Investment in renewables increased 17% to a record $257 billion, despite a widening sovereign debt crisis in Europe and rapidly falling prices for renewable power equipment.

Photovoltaic module prices dropped by 50% and onshore wind turbines by close to 10%, bringing the price of the leading renewable power technologies closer to grid parity with fossil fuels such as coal and gas.

A series of webinars will present the report findings with a regional focus.